Kemper (KMPR) Shares Up 6%

Kemper Corp (NYSE:KMPR)’s share price shot up 6% during mid-day trading on Friday . The company traded as high as $59.00 and last traded at $58.85. 744,687 shares were traded during trading, an increase of 183% from the average session volume of 262,918 shares. The stock had previously closed at $55.50.

A number of brokerages have issued reports on KMPR. Zacks Investment Research upgraded shares of Kemper from a “hold” rating to a “strong-buy” rating and set a $80.00 target price for the company in a research report on Thursday, January 18th. ValuEngine lowered shares of Kemper from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, William Blair raised shares of Kemper from a “market perform” rating to an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, one has assigned a buy rating and four have issued a strong buy rating to the stock. The company has an average rating of “Strong Buy” and an average target price of $67.50.

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The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.17 and a current ratio of 0.15. The firm has a market capitalization of $3,028.60, a PE ratio of 36.10 and a beta of 1.00.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, February 16th. Kemper’s dividend payout ratio is presently 41.20%.

Several large investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its position in shares of Kemper by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 31,242 shares of the insurance provider’s stock valued at $1,206,000 after buying an additional 80 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in Kemper by 7.5% in the second quarter. Thrivent Financial For Lutherans now owns 9,850 shares of the insurance provider’s stock valued at $380,000 after purchasing an additional 690 shares during the period. Meeder Asset Management Inc. grew its holdings in Kemper by 4.8% in the fourth quarter. Meeder Asset Management Inc. now owns 18,259 shares of the insurance provider’s stock valued at $1,258,000 after purchasing an additional 843 shares during the period. Teachers Advisors LLC grew its holdings in Kemper by 1.3% in the fourth quarter. Teachers Advisors LLC now owns 71,535 shares of the insurance provider’s stock valued at $4,929,000 after purchasing an additional 942 shares during the period. Finally, LS Investment Advisors LLC grew its holdings in Kemper by 24.9% in the fourth quarter. LS Investment Advisors LLC now owns 4,791 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 955 shares during the period. 58.07% of the stock is owned by institutional investors and hedge funds.

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Kemper Company Profile

Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.